Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid

Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid March 20, 2013 | Filed under: Economics ,Europe | Posted by: JGVibes Activist Post March 20, 2013 Is Bitcoin now a safe haven currency? It wasn’t long ago when it was considered merely an interesting crypto-currency to buy illegal drugs on Silk Road. Now, citizens all over Europe appear to be flocking to Bitcoin as the European finance vultures circle above. Europeans woke up this week with a lot less confidence in their banking system after European finance chiefs and the International Monetary Fund announced their plan to steal from private bank accounts in Cyprus in the form of a one-time “wealth tax” to bailout insolvent banks. These “taxes” will be frozen and confiscated directly out of citizens’ private accounts.”Most of the 10 billion euros will go to bail out Cypriot banks,” according to ...